Here's an open secret: the confusing jargon of finance is not the product of some inherent complexity that requires a whole new vocabulary. Rather, finance-talk is all obfuscation, because if we called finance tactics by their plain-language names, it would be obvious that the sector exists to defraud the public and loot the real economy.
1/
So true, @pluralistic
"the confusing jargon of finance is not the product of some inherent complexity that requires a whole new vocabulary. Rather, finance-talk is all obfuscation"
@tanyatussing @pluralistic I see economics as the social control mechanism which filled the void vacated by religion after the enlightenment, reusing and co-opting the existing social APIs.
Finance is its mythology, rules conjured by its clergy (economists), granted the appearance of legitimacy with selective application of mathematics, and protected from scrutiny through obfuscation.
GDP is its God.
Cory Doctorow
tanya tussing
Blender Dumbass ( J.Y.Amihud )
Wyatt (🏳️⚧️♀?)
Wade Roberts